Looking to balance out your exposure to AVT? The ETFs below have the lowest correlation with AVT — they tend to move on their own, which can help reduce risk when AVT drops. The stock ideas table highlights individual companies that behave independently from AVT.
Best Diversifiers for AVT
0 ETFs have low correlation with AVT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares iBoxx $ High Yield Corporate Bond ETF (HYG) (High Yield Bonds) with a 1Y correlation of 0.45, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.45 | 0.45 | 0.47 | 55 | High Yield Bonds | AVT vs HYG | |
| Invesco QQQ ETF | 0.51 | 0.51 | 0.54 | 73 | Nasdaq-100 | AVT vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.57 | 0.61 | 70 | S&P 500 | AVT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVT and solid risk/return profiles. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.02 | 0.08 | 0.17 | 58 | Financial Services | |
| Walmart Inc. | 0.03 | 0.08 | 0.15 | 63 | Consumer Defensive | |
| Verizon Communications Inc. | 0.03 | 0.07 | 0.12 | 59 | Communication Services | |
| Chevron Corporation | 0.08 | 0.22 | 0.28 | 83 | Energy | |
| Johnson & Johnson | 0.08 | 0.09 | 0.12 | 92 | Healthcare |
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